HK Stock Market Move | KNOWLEDGE ATLAS (02513) surged by more than 6% and intends to spend no more than approximately 361 million RMB to acquire Red Diamond Technology in Beijing. The target property has a potential expected value.

KNOWLEDGE ATLAS (02513) surged over 6%, as of the time of this report, it has increased by 6.06%, trading at HKD 945, with a turnover of HKD 286 million. On the news front, KNOWLEDGE ATLAS announced that on April 14, 2026, the company plans to acquire 100% equity of Beijing Hongzuan Technology Development Co., Ltd. from Anshi Hongzuan Investment Co., Ltd for approximately RMB 81.62 million in cash, subject to adjustments based on the delivery audit basis as stated in the acquisition framework agreement; and the company has agreed to pay in cash to facilitate the repayment of related debts and assume the right to debts of approximately RMB 278.9 million, which will need to be confirmed after the delivery date. The total cost of the acquisition will not exceed approximately RMB 361 million. It is reported that the target company's main business is the operation of target properties. The target properties are located in Diamond Building, 19 Northeast Wanxi Road, Haidian District, Beijing, with a total construction area of approximately 22,666.71 square meters. After the delivery, the company will obtain the full ownership of the target properties and optimize the company's asset structure through the ownership of the target properties through the target company. The company will retain the target properties for its own use and relocate some of its business operations to the target properties after the delivery. In addition, the potential value of the target properties is expected to support the company's long-term strategic planning, enhance overall risk resistance, and contribute to the sustainable development of the company.